Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2023; threshold 65 %.
-
Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
MPower 58 from Genk, company number BE0662894436, closed financial year 2023 with a result of € 28,050 after tax. For that financial year MPower 58 recorded a gross margin of € 39,428 and equity of € 20,681. Compared with financial year 2022, the result moved from € 38,665 to € 28,050. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 23, 2024.
€ 20,681
▲ € 28,050 vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 28,050
▼ 27% vs 2022
Profit after tax over the fiscal year.
€ 388
▲ 107% vs 2022
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2023. Retained profit grew to € 2,081.
People and assets in 2023
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 445
▲ € 415 vs 2022
No payroll staff. An amount this small is usually a social contribution or pension premium for the director, booked under staff costs.
€ 22,015
Book value of vehicles, furniture and equipment.
Debts at end 2023
None
No bank loans on the last day of the fiscal year.
€ 12,877
▼ 29% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 14,849
▼ 39% vs 2022
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € -23,700 | € 47,722 | € 39,428 | ▼ 17% |
| Profit after taxes | € -35,448 | € 38,665 | € 28,050 | ▼ 27% |
| Equity | € -46,034 | € -7,370 | € 20,681 | ▲ € 28,050 |
| Total debts | € 115,624 | € 48,707 | € 28,803 | ▼ 41% |
| Cash | € 258 | € 188 | € 388 | ▲ 107% |
| Retained profit | € -64,634 | € -25,970 | € 2,081 | ▲ € 28,050 |
| Balance sheet total | € 69,590 | € 41,337 | € 49,484 | ▲ 20% |
Key figures of MPower 58, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to MPower 58?
What happened at MPower 58 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
MPower 58 is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: profit of € 28,050 (▼ 27% vs 2022). filed late Source: NBB ↗
- Fatih KARATAS became a director. NBB
- New establishment in Genk. KBO
- Start of the company according to the CBE. KBO
In short
From € 35,448 loss in 2021 to € 28,050 profit in 2023.
Paid € 3,340 in corporate taxes since 2021.
Best year ever: 2022, with € 38,665 profit.
A new publication or filing at MPower 58? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2023 annual accounts
Fatih KARATAS
Director
since 2019
Establishments
Establishment units
Physical locations of this company
Essenlaan 11
3600 Genk
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0662.894.436
- VAT number
- BE 0662.894.436
- Registered office
- Essenlaan 11, 3600 Genk
- Names & denominations
- MPower 58
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 23 September 2016
- Peppol
- Not registered
- Activities · NACE
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (<= 3,5 ton)
Algemeen onderhoud en reparatie van auto's en lichte bestelwagens (= 3,5 ton)